MCGRATH RENTCORPMGRCEarnings & Financial Report
McGrath RentCorp is a leading North American B2B rental provider. It offers relocatable modular office and classroom buildings, portable storage units, and electronic test and measurement equipment, serving construction, education, industrial and technology sector clients across the U.S. and parts of Canada.
MGRC Q4 2025 Key Financial Metrics
Revenue
$256.8M
Gross Profit
$128.6M
Operating Profit
$74.2M
Net Profit
$49.8M
Gross Margin
50.1%
Operating Margin
28.9%
Net Margin
19.4%
YoY Growth
5.3%
EPS
$2.02
Financial Flow
MCGRATH RENTCORP Q4 2025 Financial Summary
MCGRATH RENTCORP reported revenue of $256.8M (up 5.3% YoY) for Q4 2025, with a net profit of $49.8M (up 28.0% YoY) (19.4% margin). Cost of goods sold was $128.2M, operating expenses totaled $54.4M.
Key Financial Metrics
| Total Revenue | $256.8M |
|---|---|
| Net Profit | $49.8M |
| Gross Margin | 50.1% |
| Operating Margin | 28.9% |
| Report Period | Q4 2025 |
Revenue Breakdown
MCGRATH RENTCORP Q4 2025 revenue of $256.8M breaks down across 8 segments, led by Transferred At Point In Time at $73.7M (28.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred At Point In Time | $73.7M | 28.7% |
| Non Lease Sales | $55.4M | 21.6% |
| Trs Ren Telco | $40.6M | 15.8% |
| Transferred Over Time | $26.0M | 10.1% |
| Portable Storage | $23.8M | 9.3% |
| Enviroplex | $16.6M | 6.5% |
| Non Lease Rental Related Services | $11.1M | 4.3% |
| Other | $7.3M | 2.8% |
MCGRATH RENTCORP Revenue by Segment — Quarterly Trend
MCGRATH RENTCORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred At Point In Time and Non Lease Sales) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Transferred At Point In Time | $73.7M | — | $67.5M | $37.2M |
| Non Lease Sales | $55.4M | — | $40.5M | $22.5M |
| Trs Ren Telco | $40.6M | $36.9M | $36.4M | $35.0M |
| Transferred Over Time | $26.0M | $18.1M | $13.9M | — |
| Portable Storage | $23.8M | $24.4M | — | $21.3M |
MCGRATH RENTCORP Annual Revenue by Year
MCGRATH RENTCORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $944.2M). Click any linked year to see what changed vs the prior annual report.
MCGRATH RENTCORP Quarterly Revenue & Net Profit History
MCGRATH RENTCORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $256.8M | +5.3% | $49.8M | 19.4% |
| Q3 2025 | $256.4M | -3.9% | $42.3M | 16.5% |
| Q2 2025 | $235.6M | +10.8% | $36.0M | 15.3% |
| Q1 2025 | $195.4M | +4.0% | $28.2M | 14.4% |
| Q4 2024 | $243.7M | +10.0% | $38.9M | 16.0% |
| Q3 2024 | $266.8M | +9.5% | $149.3M | 56.0% |
| Q2 2024 | $212.6M | +4.7% | $20.6M | 9.7% |
| Q1 2024 | $187.8M | +14.7% | $22.8M | 12.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $187.8M | $212.6M | $266.8M | $243.7M | $195.4M | $235.6M | $256.4M | $256.8M |
| YoY Growth | 14.7% | 4.7% | 9.5% | 10.0% | 4.0% | 10.8% | -3.9% | 5.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.26B | $2.32B | $2.29B | $2.28B | $2.24B | $2.33B | $2.35B | $2.36B |
| Liabilities | $1.32B | $1.36B | $1.19B | $1.15B | $1.11B | $1.16B | $1.15B | $1.12B |
| Equity | $943.0M | $954.2M | $1.09B | $1.12B | $1.14B | $1.16B | $1.20B | $1.24B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $59.4M | $79.2M | $199.0M | $36.8M | $53.9M | $55.8M | $65.1M | $80.9M |